Articles categorized by: Economy & Companies

Ford announces Jim Hackett as new President and CEO and further restructuring

Jim Hackett has been named as Ford Motor Company President and CEO, succeeding Mark Fields, who is retiring. Hackett will report to Executive Chairman, Bill Ford. Hackett, together with Bill Ford, will focus on three priorities: Sharpening operational execution, modernizing Ford’s present business and transforming the company to meet tomorrow’s challenges. Prior to serving as […]

Japan.- Abenomics, boosting job creation but still not enough productivity, says OECD report

“Abenomics has delivered faster economic growth and job creation,” OECD Secretary General, Angel Gurría said today at the presentation of the OECD Survey on Japan (April 2017), “However, meeting Japan’s demographic and fiscal challenges will require greater efforts and further reforms, notably to raise productivity, which now lags behind the leading OECD economies. In the […]

Amazon purchases Souq, its alter ego in the Middle East

Amazon today announced the purchase of Souq.com a leading company devoted to e-commerce operating in the Middle East. Still subject to closing conditions, the acquisition is expected to close later in 2017. “This is a milestone for the online shopping space in the region,” said Ronaldo Mouchawar (CEO and Co-Founder, Souq.com). Souq.com is the largest […]

Selecta to create European vending leader through Pelican Rouge purchase

Selecta Group B.V. (Selecta), a leading European vending and coffee services provider, and Pelican Rouge Group B.V. (Pelican Rouge), a long established coffee services and vending company, today announced that they have signed an agreement to combine their operating businesses. Under the agreement Selecta will purchase Pelican Rouge creating a leading vending operator and coffee […]